The Bitcoin market is back on track

[TheGreatPython]

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

No, it is not as easy as it sounds when we are speaking about it. The market doesn't always move the way we think about it or we want it to, it often changes its direction based on events and sentiments of the buyers and sellers combined. Right now, the price is in correction mode and a bit stable too, so the chances are more that we will see a drop from here.

If you talk about the price value of Bitcoin eventually, we all know that it has got the potential to cross that mark some day in the future, but there is basically no guarantee as to when that is going to happen.

[fzkto]

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k.

Personally I find it quite unlikely that price would be between $25K and $35K for two to three months, mainly as price has already been between $20K and $30K for around for 4/5 months, which is a similar range, as well as consolidated between $27K and $31K for about 5/6 weeks now. So eventually price is likely to break this range in either direction and go some distance as well as not return there for sometime (or ever).

It's also worth remembering that it didn't take long for price to go from $20K to $30K, which is a 50% increase, so going from $30K to say $45K wouldn't necessarily take much longer.

You certainly wrote interestingly about the 25k-35k range. In my opinion it is not much different from 20k-30k as the price is still below 30k right now. About the price being able to rise quickly to 45k in a positive scenario, it can just as quickly fall in a bad one. Although I also think the price should make a break up because I see a similar pattern from 2019.

[justdimin]

Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

Easy as in quick, not easy as in not being able to do. I feel like it is easy if you are talking about "will it ever happen", because we all know that it will happen there is no doubt about that, but if you are asking if it is easy to do as in will it happen just about now? Like within May for example, then I think that is not easy and it will not happen.

This is why we should consider this as a trouble and not really go with that, I feel like it is not a good decision to do it and should avoid it if possible. All in all there are too many people who think that it would not be smart decision, so if you want to invest to make quick profit then yes you are right that 100k will not happen that quickly, but if you are a long term investor then yes it will do well.

[Wong Gendheng]

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

[Semar Mesem]

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

[skarais]

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

I think you didn't realize that in the last 4 months bitcoin has been quite consistent in maintaining its positive trend. Take a look at the chart on 1 Month TF, I think you will surely find that in the last 4 months bitcoin managed to record 4 green candles.

Meanwhile, in my opinion the correction occurred within reasonable limits although I would tend to say it was a sideway. For the long term, I think the strategy should still work, but for the short term I think swing trading and scalping are also fine.

[ajiz138]

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

I think you didn't realize that in the last 4 months bitcoin has been quite consistent in maintaining its positive trend. Take a look at the chart on 1 Month TF, I think you will surely find that in the last 4 months bitcoin managed to record 4 green candles.

Meanwhile, in my opinion the correction occurred within reasonable limits although I would tend to say it was a sideway. For the long term, I think the strategy should still work, but for the short term I think swing trading and scalping are also fine.

It's true that during the beginning of the year bitcoin has maintained a positive trend until now if you look at the chart it certainly shows a nice green candle but with some slight correction it's natural because I see bitcoin recovering after the correction and this is long enough sideways where it lasts with pretty good with that, I think bitcoin will definitely maintain its value so it's not too low depending on market factors.

Long term keep accumulating it's a healthy and simple way, but I don't trade for some other reasons, not that I leave but don't really rely on trading as a profit right now unless I see a move that will go up, but I can still accumulate then that's what I will maintain as long as it is still stable in the flow.

[Rabata]

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

Ups and downs are consider the generalization of the market condition. There is no reason to be panic about this circumstance. Those who have made  investment decisions about Bitcoin, even a major drop in the price of Bitcoin will not drive them from the track. Yesterday the price of Bitcoin rose slightly but then fell again. In this way, Bitcoin will eventually reach a certain target. Those who are weak holders of Bitcoin may see their holdings liquidated by a minor storm. So the holding hand should be tightened. The current market trend about bitcoin will definitely give its positive direction ‍and there are still good opportunities for those who want to buy Bitcoin.

[Jating]

I think bitcoin is still off track because it hasn't been able to stabilize the price increase, even a few days ago it dropped more than 5%, even though it could go up again but the current increase is not significant compared to the decline that occurred simultaneously when the LUNA and FTX cases occurred, we'll wait to see if the price could touch $40k by june or not.

What do you mean? the increase is also significant, from the collapse of Terra Luan and the effect of FTX, the price went on a decline and even hitting the bottom at $15k. But now this May or at least last month, we've seen the price hitting $31k, so that is a great increased.

The problem is that there are a lot of speculators who thinks that bitcoin can go on parabolic rise. That will not be the case, and given that fact that we are still in the bear market, we should be thankful enough that we have recovered already.

The next big move should be next year, we have the bitcoin halving and then after that we might slowly see the bull run that we all have been waiting for.

[imamusma]

Ups and downs are consider the generalization of the market condition. There is no reason to be panic about this circumstance. Those who have made  investment decisions about Bitcoin, even a major drop in the price of Bitcoin will not drive them from the track. Yesterday the price of Bitcoin rose slightly but then fell again. In this way, Bitcoin will eventually reach a certain target. Those who are weak holders of Bitcoin may see their holdings liquidated by a minor storm. So the holding hand should be tightened. The current market trend about bitcoin will definitely give its positive direction ‍and there are still good opportunities for those who want to buy Bitcoin.

Don't push yourself if you are not strong enough to survive in the long term if you are under financial stress during inflation. That is the best advice that some people may need to consider, while if they are able to survive amidst price volatility then of course it will also be very profitable for their long term plans.

Holding or trading is a choice, of course not a problem for everyone. Some people take advantage of market volatility to build their portfolio by trading, while others take advantage of it by buying more during corrections. Both of these options certainly have advantages and disadvantages, and should be adjusted to your plan so far. It is not mandatory for all bitcoin users to hold on to their bitcoin long term, it is simply an option for those who are willing to ignore market volatility even if at one time they make a decent percentage of profits.

[Lantind]

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

price will always be speculated and always give at least a little push whether it will decrease or increase, in terms of looking at the market and the current price we don't think there is any indication that gives accurate information that price will be able to spike that high or crash below $20k, price it's still in the $28k-$29k band, and actually we still expect the market to exist

[lixer]

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

Well, not everyone can keep buying since most people have limited budgets that they've most probably already spent on buying last time when the price went down, but those who can, definitely should keep doing DCA and for others who have already bought and are holding, all they need is to be patient and have some belief.

The price is not below $20k, and even if it goes there, there is no need to panic. We have seen it happen a lot of times in the past and we have also seen it recovering back from that in not so long. So all it needs from the community is belief.

[19Nov16]

Unfortunately today the price dropped again, the price is around $ 27600, with the current price conditions it certainly makes us worried because the market looks difficult to touch $ 30k again after last March, if May is still below $ 30k then many are pessimistic that this year the market will recover.

[Negotiation]

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

price will always be speculated and always give at least a little push whether it will decrease or increase, in terms of looking at the market and the current price we don't think there is any indication that gives accurate information that price will be able to spike that high or crash below $20k, price it's still in the $28k-$29k band, and actually we still expect the market to exist

In fact, the crypto market is very volatile, so it becomes difficult to predict the price. But when will Bitcoin reach these prices? With this BTC price prediction investors can't say how high bitcoin will be and what the price of bitcoin will be in 10 years, just wait and see. But the cryptocurrency market is expected to bounce back after a rough patch this year cryptocurrencies are making a comeback of sorts.

[Joshapat]

The thing that makes us happy about the condition of bitcoin is that the price can always come back, even though many are disappointed that the price falls below $30k again but this won't make us panic so the best thing when prices are cheap is to keep buying.

[Kadal Ijo]

Unfortunately today the market is red again and is already at the $26k level, it looks like investors can't wait for price movements so they prefer to sell, especially since there are many FUDs who say that prices still have the chance to fall again in May.

[JoyMarsha]

The price of Bitcoin is completely dependent on the market.  But I think more volatility in the market is not good. I have seen several times with Bitcoin that when the value of a coin increases very quickly, the value of the coin decreases very quickly after a few days. No matter what we say about the market, we have no choice but to wait until the end

Yes, as we have no influence over the cryptocurrency market's volatility, our only alternative is to wait until the very end. We can only keep accumulating more and investing in bitcoin in the hopes that it will have a good future for all of us. Price volatility is the process that will lead to the bright future we seek. So, rather than being bad, volatility can actually be advantageous for both those looking to acquire more bitcoin and those looking to sell it.

[asrinur]

Lately the bitcoin market has returned to a positive path where the bitcoin price had reached $30k although it didn't last long and dropped to the $26k-$27k area. I see the current performance of the crypto market in good signs despite a slight correction, but bitcoin has the potential to reach a price of $40k this year.

[AnonBitCoiner]

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Everything happens for a reason and if the market is volatile so it means that this volatility will be beneficial in both cases like that are dip will be better choice for buyer and pump will be better for seller so every situation has its own benefits and own reasons we cannot say that the thing which happen is wrong.

The current price is more than 26k$ so may be its beneficial for those who don't have buy bitcoin now and want to buy it and perhaps someone have bought it in lower price and current price is maximum for giving him higher return.

There will be more increase in bitcoin price and no one should loss their hopes when the price reduces because price never remains in one state.

[Uruhara]

Lately the bitcoin market has returned to a positive path where the bitcoin price had reached $30k although it didn't last long and dropped to the $26k-$27k area. I see the current performance of the crypto market in good signs despite a slight correction, but bitcoin has the potential to reach a price of $40k this year.

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.